The Economic & Community Development Institute Inc. was awarded a $250,000 Project Grant from the Small Business Administration Office of Capital Access under the Prime Technical Assistance federal grant program (CFDA #59.050). The grant will support the delivery of technical assistance and capacity building services to microenterprises and microentrepreneurs from September 30, 2022 to September 29, 2023. Specifically, the funding will be used to provide training to increase the number of...
The Economic Development Administration awarded a $3.27 million Project Grant to Social Entrepreneurs of New Orleans Inc., doing business as Propeller: A Force for Social Innovation, to scale venture capital investments that support minority-owned businesses through the BUILD TO SCALE federal grant program (CFDA 11.024). Over a three-year period, Propeller and its partner New Orleans Startup Fund will build capacity for due diligence, fundraising, and technical assistance to grow their initial...
The U.S. Small Business Administration (SBA) awarded a $250,000 Project Grant under the Program for Investment in Microentrepreneurs (CFDA 59.050) to Southeast Community Capital Corporation, a non-profit community development corporation, to provide technical assistance services. The award will support the delivery of training, business coaching, financial literacy education, and other capacity-building services to disadvantaged entrepreneurs and microenterprise development organizations over...
This $1 million Project Grant from the Small Business Administration's Office of Entrepreneurial Development, under the Community Navigator Pilot Program (CFDA 59.077), will support the provision of pandemic relief and recovery services to historically underserved small businesses and entrepreneurs through November 2023. As the primary awardee, Shenandoah Community Capital Fund, Inc. will serve as a "hub" organization and work with contractor "spoke" organizations to...
Maryland Capital Enterprises, Inc. was awarded a $1.4 million project grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant will support Maryland Capital Enterprises' ability to provide financial and technical assistance to businesses and communities impacted by the economic effects of the COVID-19 pandemic from June 2021 through September 2023. The Community...
The Economic and Community Development Institute Inc. was awarded a $250,000 Project Grant from the Small Business Administration Office of Capital Access under the Prime Technical Assistance federal grant program (CFDA #59.050). The grant will support the provision of training and capacity building services to microentrepreneurs through September 2022. Specifically, Ecdi will enhance the management capabilities of microbusiness owners in starting, expanding, or growing their operations. The...
This $2.26 million project grant from the Department of Commerce's Economic Development Administration funds the Capital Gravity Arizona: Startup and Innovation Ecosystem Capital Accelerator Program. Delivered by Next Foundation, the program aims to create Capital Gravity Arizona, a transformational capital accelerator for Arizona's startup and innovation ecosystems. Key services include welcome programming, pipeline access, diverse learning communities, and innovation ecosystems for each cohort...
The Economic Development Administration awarded a $2.17 million Project Grant to Vilcap, Inc. to develop lasting investment infrastructure for technology startups led by founders of color in the Southeast region of the United States. Under the Resource Invests initiative funded through the agency's BUILD TO SCALE program (CFDA #11.024), Vilcap will work with the Black Innovation Alliance from November 2022 to April 2024 to launch infrastructure and a replicable model to improve...
This Project Grant from the Small Business Administration's Office of Entrepreneurial Development, under the Community Navigator Pilot Program (CFDA 59.077), provides $2.5 million to the Community Students Learning Center to deliver technical assistance and support services to small businesses. As the prime awardee, Community Students Learning Center will provide direct support through counseling and training to small businesses. Additionally, through subawards to contractors, Community Students...
The Minority Business Development Agency (MBDA) awarded $435,209 under the MBDA Business Center cooperative agreement to provide technical assistance, training, education, and advisory services to minority business enterprises affected by COVID-19. The Capital Region Minority Supplier Development Council, Inc. will deliver these products and services from July 2021 through June 2022 to address the pandemic's impacts. Performance metrics include the number of minority firms assisted, informed...